WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– A car carrying an aide to Ukraine President Volodymyr Zelenskiy was hit with automatic gunfire outside Kyiv on Wednesday. The aide, Serhiy Shefir, was not injured but his driver was wounded as the car was hit 18 times. Police have since opened up a criminal case on suspicion of premeditated murder. Zelenskiy, who is in New York for the United Nations General Assembly, told the press he believes it was a message sent for him as his government introduces legislation to reduce oligarch influence and to assert sovereignty against Russia.
– Democrats in the United States House of Representatives passed a bill on Tuesday which would fund the government until Dec. 3 and suspend the country’s borrowing limit until the end of 2022. Republicans in the Senate have vowed to block the bill, which needs at least 60 votes, including the support of some Republicans, to pass. The bill is designed to avoid a partial shutdown of the government as well as a default, which would be the first in modern U.S. history.
– The Organization for Economic Cooperation and Development (OECD) said in its latest assessment on the global economy on Tuesday wealthier nations should help provide developing nations with COVID-19 vaccines in order to speed up an “uneven” global economic recovery. OECD also predicted Canada’s economy to expand 5.4 per cent this year, lower than the 6.1 per cent OECD projected last May, while the U.S. economy will grow by six per cent compared to the 6.9 per cent predicted four months ago.